CyberNews Briefs

Average Cost of Cyberattack Now Exceeds $1 Million

According to new research by Radware, an average cyberattack now costs over $1 million. If only exact calculations of costs for organziations are taken into account and estimates are omitted, the average cost of an attack is $1.67M. The most reported negative consequences of suffering a cyberattack are operational disruption and reputation loss.

Respondents indicated that 45% of cyberattacks aimed at denial-of-service (DoS) and 35% were attempts to steal data. While nearly all organizations in the survey suffered some kind of cybersecurity incident, one-third of them have not implemented a  cybersecurity emergency response plan.

Read more: https://www.securitymagazine.com/articles/89734-average-cost-of-cyberattack-now-exceeds-1-million

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.